Magnetic grills are extremely beneficial in industries where product quality and safety must be maintained, such as food processing, pharmaceuticals, and chemical processing. These grills assist in removing ferrous impurities from the products and machinery, hence facilitating a smooth manufacturing process.
Magnetic grills have become a need in industrial units, particularly in businesses that handle free-flowing, granular, or dry substances. The continuing trade conflict between China and the United States and the COVID-19 epidemic are anticipated to have a substantial influence on this sector.
In spite of challenges, demand for magnetic grills is anticipated to increase in the next few years, driven by expanding industrialization, a greater emphasis on product quality, and safer manufacturing procedures. Moreover, the market is anticipated to see the introduction of novel and technologically superior magnetic grills, which will increase demand.
The global market for magnetic materials is expected to reach $27.66 billion by 2026, expanding at a CAGR of 5.98% from 2022 to 2026.
Regarding the Indian market, According to a 2019 analysis by Market Research Future, the Indian market for magnetic grills had a value of roughly USD 74.7 million in 2018 and was anticipated to expand at a compound yearly growth rate (CAGR) of approximately 5.2% over the period 2019-2023.
- In 2018, the magnetic grill market in India was estimated at around 74.7 million US dollars.
- The market is anticipated to expand at a compound annual growth rate (CAGR) of approximately 5.2% between 2019 and 2023.
- By magnet type, the market is divided into permanent magnets and electromagnets.
- In 2018, the permanent magnet sector held the biggest market share.
- The market is also divided into manual and automatic cleaning types. Throughout the projection period, the automatic cleaning sector is expected to develop at a higher CAGR.
- Permag products pvt Ltd, Hindustan magnets, Eclipse magnetics, Eriez magnetics & Goudsmit magnetics are key companies in the Indian magnetic grill market.
By 2030, the global market size for permanent magnets is estimated to reach approximately USD 39.70 billion, with a compound annual growth rate (CAGR) of 8.4% during the forecast period. This growth is expected to be driven by supportive initiatives promoting healthcare infrastructure in developing countries.
Permanent magnets have extensive use in healthcare devices, particularly in surgical tools, medication delivery systems, patient monitoring devices, and MRI scanners. Demand for permanent magnets in fields including industrial automation and healthcare has risen since the COVID-19 epidemic.
Common applications for magnetic grills in India include the removal of ferrous impurities from food, chemicals, and pharmaceuticals. Demand for magnetic grills in India has been on the rise due to the country’s expanding manufacturing industry and heightened awareness of the need of ensuring the safety of prepared foods.
The food and beverage industry is a significant end-user of magnetic separators, and it is expected to continue driving demand for magnetic grills in India. The Indian magnetic separator market is projected to grow at a CAGR of around 5% during the forecast period of 2021-2026, according to a recent report by ResearchAndMarkets.
These are some of the key players in the Indian magnetic grill market, offering various specifications and features to meet the diverse needs of their customers. Here are Top 5 Magnetic Grill Company in India:
- Permag Products Pvt Ltd
- Hindustan Magnets
- Eclipse Magnetics
- Eriez Magnetics
- Goudsmit Magnetics
The magnetic grill market in India is expected to continue growing in the future, driven by increasing industrialization and a greater emphasis on product quality and safety. There is a greater variety of this kind of magnetic product available on the market, including grate magnets, hopper magnets, hand magnets, magnetic sticks, and hopper magnetic grills, all of which are helpful for the industry.
Written and Published by 10XDigitals, Indore.